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Data center developer Switch is in talks to raise billions of dollars at a valuation of at least $50 billion, as it seeks to capitalize on soaring demand for the infrastructure needed to support artificial intelligence, according to people with knowledge of the deal.
Brookfield Asset Management, KKR and other private equity and institutional investors have been in talks to invest in the round, people familiar with the matter said. Their conversations are early and there is no guarantee they will lead to a.
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The Information
TikTok owner ByteDance is developing a new chip to run artificial intelligence models as part of an aggressive expansion of its homegrown AI infrastructure. The new AI chip is intended to have a structure similar to U.S. chip designer Groq’s language processing units, which are built to run AI models at low cost, according to three people with knowledge of the project. ByteDance, which is one of China’s AI leaders,... Read more ›
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Prediction market Kalshi won approval from U.S. regulators to offer crypto trading through bitcoin perpetuals, a type of highly-leveraged derivatives product, confirming an April report by The Information. Coinbase also won a greenlight from the U.S. Commodity Futures Trading Commission to ... Read more ›
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By now, you’ve probably seen the unbelievable video of Blue Origin’s New Glenn rocket exploding on its launchpad in Florida on Thursday night. On its face, Blue Origin’s pain would seem to be Elon Musk’s gain, further cementing SpaceX’s already significant lead in the space business just weeks before it goes public. While the explosion is obviously terrible news for Jeff Bezos’ space ambitions, Musk and his SpaceX colleagues have... Read more ›
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Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to significantly expand its selection of AI glasses and to add a business-focused service called “Wearables for Work.” The memo, from Alex Himel, Meta’s... Read more ›
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Meta Platforms plans to start testing an AI pendant in the next year as part of an ambitious roadmap for wearable devices aimed at reversing the huge losses in its hardware division. An internal memo describing the roadmap, reviewed by The Information, also lays out plans to ... Read more ›
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Before former Slack CEO Denise Dresser joined OpenAI in December as its chief revenue officer, the company’s efforts to sell its products to business customers were sometimes clunky. Earlier in 2025, for example, the company had struck an agreement with Databricks, which would sell OpenAI products alongside the database software provider’s own products. But some potential customers were confused about which salespeople to reach, remembers Andy Kofoid, president of global... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Can OpenAI’s revenue chief catch Anthropic in enterprise tech?• Plus, Recommendations—our weekly pop culture picks: “Deep Cover: The Family Man,” “1873” and “Legends”On Tuesday, I dropped in at JPMorgan Chase’s glitzy new Midtown headquarters for a confab on national security, a sector that has become an investment pillar for the banking giant. While the event encompassed other areas like energy and supply... Read more ›
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The U.S. Space Force awarded a $4.16 billion contract to SpaceX as part of a program to deploy space-based sensors to track and target airborne threats. The deal for the Space-Based Airborne Moving Target Indicator program, announced Friday, highlights the increasingly important government ... Read more ›
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SoftBank Group announced a commitment to develop and operate five gigawatts of AI data center capacity in France, with an investment of up to 75 billion euros, or about $87.5 billion. The commitment is SoftBank’s largest AI infrastructure investment to date in Europe, the company said on ... Read more ›
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AI researchers may have the hottest job in tech, but forward-deployed engineers who put the AI to good use are becoming indispensable too. The military-inspired job title, which Palantir began using in the context of business software more than a decade ago, has spread to all corners of the industry. Last week, for instance, Meta formed a new organization involving FDEs that aims to get more advertisers to also use... Read more ›
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05.06.2026 01:10
Last update: 01:05 EDT.
News rating updated: 08:06.
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